TOKYO (Reuters) - Japanese Finance Minister Taro Aso stressed on Sunday the need for bigger monetary and fiscal stimulus to revive the economy, but said the government will not insist on issuing a written policy accord with the central bank on a new inflation target.
New Prime Minister Shinzo Abe has called on the Bank of Japan to share a 2 percent inflation target with the government, double the bank's current price goal, to show its determination to beat deflation. Under pressure, the BOJ will debate setting a higher inflation target at its next rate review on January 21-22.
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